Selling Shares in Nigeria - Tips to Make Money in Nigeria

Posted by Felix Okoli on Saturday April 21, 2012 9:16:5:

There could be a couple of reasons why you might want to sell your shares in Nigeria. Here are a couple of reasons why people sell their shares:

Some Reasons for selling shares:
- Capital appreciation: To cash some income
- Likelihood of share prices falling
- Uncertainty about company's future
- Need for money
- Target attained

So whatever your reasons for selling shares, there is a way to go about it in Nigeria and you will most likely need a stock broker to do it.

Things you will need
- A registered Stockbrokerage firm
- Share Certificate or CSCS details
- Signed mandate card
- Filled Application form

How to do it
Just look for a decent stock brokerage firm. Most banks also have such investment managers
- Tell them you want to sell your shares
- Fill the application form indicating the company, no of shares, price and signature
- Sign the mandate card
- Your shares should be sold within 3 to 5 days
- Call your stockbroker to see if your cheque is ready
- Collect your cheque and cash in your bank
- Your payment would normally be the balance that remains after the stockbroker's commission has been deducted.

If your used and irregular signature, you may be called back to get a banker's confirmation.

Tip:
It is normally better to sell your shares when the market is at its peak.

Comments:

Re: Selling Shares in Nigeria Reply by ahmed ibrahim khalilu on Tuesday April 24, 2012 at 9:58:21:

noting like being connected. Nice job i want to sale some of my shares. My phone number..+2348032321829

I want to buy shares in nigeria Reply by Nwabuko obioma collins on Monday May 21, 2012 at 22:48:1:

I want to buy shares in nigeria from any company that sells with low price but has high dividen

Re: Selling Shares in Nigeria Reply by Tayo on Friday June 1, 2012 at 20:57:44:

Pls i want to buy a share in nigeria with a known oil firm.but i dnt know how to go about it.can somebody put me through.meet me on facebook (TAYO ASO)

Re: Selling Shares in Nigeria Reply by Chukwuemeka on Thursday June 14, 2012 at 4:50:7:

I want to buy UBA Shares, is it save now? Please someone should help me out.

Re: Selling Shares in Nigeria Reply by Felix Okoli on Thursday June 14, 2012 at 4:50:7:

Well UBA shares is currently at N3.68 today so you can buy if you want for the long term, say 2 years. As for safety, well it is reasonably safe.

Re: buying Shares in Nigeria Reply by ogunrinde ayodeji on Sunday July 8, 2012 at 14:42:41:

PLs,I want to buy any bank's share available contact me pls on 07062966841

Re: Selling Shares in Nigeria Reply by paul onepe on Tuesday November 20, 2012 at 15:55:4:

I need a broker to sell my shares. How good is fist bank and zeith bank shares, if i ve to sell ?

Re: Selling Shares in Nigeria Reply by Felix Okoli on Tuesday November 20, 2012 at 15:55:4:

Zenith is still strong and pays good dividend. Last I heard it was about N1 per share dividend. Share price expected to rise higher in 2012. You can sell if you want but this is rather a good time to buy.

Re: Selling Shares in Nigeria Reply by DANIEL EUGENIA BILBUDAM on Friday January 18, 2013 at 11:30:47:

i want to sell my shares which is with the finbank number of shares is 4,000 which i buy 18- june- 2008 at 50k.

Re: Selling Shares in Nigeria Reply by Felix Okoli on Friday January 18, 2013 at 11:30:47:

Meet with your stockbroker and make a sales order

Re: Selling Shares in Nigeria Reply by bada hammed on Friday May 3, 2013 at 13:59:10:

I want to know how skye bank share, and dangote sugarshare are doing now

Re: Selling Shares in Nigeria Reply by Aninze cyril on Saturday May 11, 2013 at 16:27:32:

Fellow shareholders wats happening in the market? How much is fidelity bnk shares now? I want to sell some units

Re: Selling Shares in Nigeria Reply by Felix Okoli on Saturday May 11, 2013 at 16:27:32:

Currently Fidelity is priced at about N2.9

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